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The best business credit cards for balance transfers help reduce interest and often feature low or $0 balance transfer fees, making them an effective tool for consolidating and managing debt. When choosing the right card, it’s essential to weigh factors like introductory terms, ongoing APRs, annual fees, and any additional rewards or benefits. This list includes a mix of personal and business credit cards tailored to meet various financial needs and strategies.
Here are the six best business credit cards for balance transfer transactions:
- PNC Visa Business Credit Card: Overall best for 0% APR on transfers and purchases for 13 months plus low ongoing APR
- Edward Jones Business Plus Mastercard: Best for $0 balance transfer fee and 0% APR on transfers for 12 billing cycles
- American Express Blue Business® Plus Credit Card: Best for low balance transfer fee and 2X points up to $50,000 per year
- American Express Blue Business Cash™ Card: Best for low balance transfer fee and 2% cashback up to $50,000 per year
- Citi Simplicity® Card: Best personal card with 0% APR on transfers for 21 months
- BMO Business Platinum Credit Card: Best for low balance transfer fees and rebates through Mastercard Easy Savings®
Overview of the Best Business Credit Cards for Balance Transfers
Best For | Annual Fee | Ongoing Rewards | Credit Needed | ||
|---|---|---|---|---|---|
 PNC Visa Business Credit Card | 0% APR on transfers and purchases for 13 months plus low ongoing APR | $0 | None | Good to Excellent | |
 Edward Jones Business Plus Mastercard | $0 balance transfer fee and 0% APR for 12 months | $25, waived with at least one purchase | Up to 4x points | Good to Excellent | |
 American Express Blue Business® Plus Credit Card | Low balance transfer fee and 2X points up to $50,000 per year | $0 | Up to 2x points | Good to Excellent | |
 American Express Blue Business Cash™ Card | Low balance transfer fee and 2% cash back up to $50,000 per year | $0 | Up to 2% cash back | Good to Excellent | |
 Citi Simplicity® Card | Personal card with interest-free balance transfers for 21 months | $0 | None | Good to Excellent | |
 BMO Business Platinum Credit Card | Low balance transfer fee and rebates through Mastercard Easy Savings® | $0 | None | Good to Excellent |
If you want to see how a credit card stacks up against others, click Add to Compare on the cards. You can compare up to three credit cards on this page or a credit card here against two other cards on our site.
PNC Visa Business Credit Card: Overall Best for 0% APR on Transfers and Purchases for 13 Months Plus Low Ongoing APR
PNC Visa® Business Credit Card
BEST FOR:
Existing PNC Bank account holders that need to carry a balance
Intro APR
0% on purchases and balance transfers for the first 13 billing cycles
Regular APR
17.24% to 27.24% variable
Annual Fee
$0
Credit Needed
Good to Excellent
- $0 annual fee
- No rewards on puchases
- Online account management tools allow you to manage your business credit card activity
Pros
- $0 annual fee
- With an interest-free financing option on balance transfers
- 0% introductory APR useful for big purchases
- Easy to manage via account view
Cons
- No rewards for new and existing cardholders
- Can only apply online if you have an existing online bank account with PNC Bank
- With a high penalty interest rate
- Cash Flow Insight®: Helps you monitor and plan your cash flow, send invoices via email, get paid online, and manage payables.
- Travel accident insurance: You’re covered by travel accident insurance if you die or are seriously injured while traveling.
- Roadside Dispatch®: A pay-per-use roadside assistance program that provides services such as towing, tire changing, jump-starting, fuel delivery of up to five gallons, winching, and lockout services.
- Overdraft protection: You can set up your PNC Visa® Business Credit Card as overdraft protection for your PNC business checking account to ensure that you have funds when needed.
Intro APR
0% on purchases and balance transfers for the first 13 billing cycles
Regular APR
17.24% to 27.24% variable
Annual Fee
$0
Credit Needed
Good to Excellent
- $0 annual fee
- No rewards on puchases
- Online account management tools allow you to manage your business credit card activity
Pros
- $0 annual fee
- With an interest-free financing option on balance transfers
- 0% introductory APR useful for big purchases
- Easy to manage via account view
Cons
- No rewards for new and existing cardholders
- Can only apply online if you have an existing online bank account with PNC Bank
- With a high penalty interest rate
- Cash Flow Insight®: Helps you monitor and plan your cash flow, send invoices via email, get paid online, and manage payables.
- Travel accident insurance: You’re covered by travel accident insurance if you die or are seriously injured while traveling.
- Roadside Dispatch®: A pay-per-use roadside assistance program that provides services such as towing, tire changing, jump-starting, fuel delivery of up to five gallons, winching, and lockout services.
- Overdraft protection: You can set up your PNC Visa® Business Credit Card as overdraft protection for your PNC business checking account to ensure that you have funds when needed.
Why We Like It
- Competitive introductory offer: Benefit from 0% APR on balance transfers for 13 billing cycles within the first 90 days, giving you ample time to reduce debt.
- Low ongoing APR: After the introductory period, enjoy a competitive ongoing APR, making it a cost-effective option for long-term financial management.
- $0 annual fee: Keep expenses low while consolidating debt, making it a practical choice for small businesses.
- Affordable balance transfer fee: Either 5% of the amount of the transfer or $5, whichever is greater
Ongoing Rewards
PNC Visa® Business Credit Card doesn’t have a rewards program, but it offers several valuable benefits for business owners.
Benefits
- Cash Flow Insight®: Monitor spending habits for both you and your employees while planning and budgeting for future business needs with this intuitive tool.
- Free employee cards: Issue additional cards to your employees at no extra cost.
- Customizable spending controls: Set individual spending limits for employee cards, ensuring better oversight and control of your business expenses.
- Visa protections and perks: Enjoy benefits like Zero Liability Protection for unauthorized transactions, Purchase Security for coverage against theft or damage within 90 days, and Extended Warranty Protection to extend the manufacturer’s warranty on eligible purchases
Who Should Consider It
- Those looking to consolidate high-interest balances or finance large purchases
- Those who prioritize low costs over rewards
- Those who prefer simplicity in managing expenses
- Those with PNC Bank checking accounts
Edward Jones Business Plus Mastercard: Best for $0 Balance Transfer Fee and 0% APR on Transfers for 12 Billing Cycles
Edward Jones Business Plus MasterCard®
BEST FOR:
Those who do not want Balance Transfer Fees
Intro APR
None
Regular APR
20.24% to 29.99% variable
Annual Fee
None with at least one purchase to your account each year, otherwise $25
Credit Needed
Good to excellent
- 1.5 Loyalty Points for every $1 spent on eligible net purchases up to $40,000
- 2 Loyalty Points for every $1 spent on eligible net purchases over $40,000 in the same year
- 4 Bonus Loyalty Points on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center
Pros
- Welcome offer
- Introductory 0% APR and $0 fee on balance transfers
- $0 annual fee option
Cons
- No 0% APR on purchases
- High purchase requirements to earn higher rewards
- Worldwide travel accident insurance
- Free credit score access
- Online and mobile banking
- Zero fraud liability
- Extended warranty and purchase protection
Intro APR
None
Regular APR
20.24% to 29.99% variable
Annual Fee
None with at least one purchase to your account each year, otherwise $25
Credit Needed
Good to excellent
- 1.5 Loyalty Points for every $1 spent on eligible net purchases up to $40,000
- 2 Loyalty Points for every $1 spent on eligible net purchases over $40,000 in the same year
- 4 Bonus Loyalty Points on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center
Pros
- Welcome offer
- Introductory 0% APR and $0 fee on balance transfers
- $0 annual fee option
Cons
- No 0% APR on purchases
- High purchase requirements to earn higher rewards
- Worldwide travel accident insurance
- Free credit score access
- Online and mobile banking
- Zero fraud liability
- Extended warranty and purchase protection
Why We Like It
- $0 fee transfers: Say goodbye to transfer fees during the first 60 days, making it perfect for budget-conscious businesses.
- Interest-free breather: Enjoy 0% APR on balance transfers for 12 billing cycles, giving you the breathing room to focus on paying down debt without added costs.
- Simplicity at its best: This card delivers what businesses need most—affordability and ease for consolidating balances efficiently.
Ongoing Rewards
- 1.5% cash back (or 1.5 Loyalty Points®) on the first $40,000 spent annually, then 2% cash back (or 2 Loyalty Points®) on all additional purchases.
- 4 Bonus Loyalty Points® on prepaid hotels and car rentals booked directly in the Edward Jones Rewards Travel Center
Here’s an example of the potential reward value you could earn with this card:
Category | Reward Rate | Estimated Annual Spend | Earned Points | Annual Reward Value |
|---|---|---|---|---|
All Purchases | 1.5% | $40,000 | 60,000 | $600 |
All Purchases after cap is met | 2% | $5,000 | 10,000 | $100 |
Prepaid hotels and car rentals | 4x | $25,000 | 100,000 | $1,000 |
Total Annual Reward Value | $1,700 |
Other Benefits
- Zero fraud liability: You’re not held responsible for unauthorized charges, ensuring peace of mind.
- Enhanced ID theft protection: Access services to monitor and protect your identity against theft.
- Extended warranty: Doubles the original manufacturer’s warranty up to an additional 12 months on eligible purchases.
- Purchase assurance: Provides coverage for most new items against damage or theft within 90 days of purchase, up to $1,000 per claim.
- MasterRental insurance: Offers coverage for physical damage and theft to most rental vehicles when you decline the rental company’s collision damage waiver and pay with your card.
- Travel assistance services: Includes pre-trip planning, medical and legal referrals, and emergency ticket replacement when traveling 50 miles or more from home.
- $0 Foreign transaction fees: Make international purchases without additional fees.
- Spend Analysis tool: Track and analyze your business expenses with free online tools.
Who Should Consider It
- Those who want to earn Loyalty Points® on every business purchase without complicated categories
- Those who are Edward Jones clients and want a card aligned with their financial services
- Those seeking a straightforward card with a waivable $25 annual fee for cost-effective business spending
American Express Blue Business® Plus Credit Card: Best for Low Balance Transfer Fee and 2X Points up to $50,000 Per Year
The Blue Business® Plus Credit Card from American Express
BEST FOR:
Pocketing 2x points per $1 and 0% introductory APR for 12 months
Intro APR
0% on purchases
Regular APR
17.49% - 25.49% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.49% - 25.49%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
- Earn 2X points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter. Terms and limitations apply.
- You’ve got the power to spend beyond your credit limit* with Expanded Buying Power. *The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply.
Pros
- $0 annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
- Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
- Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.
Intro APR
0% on purchases
Regular APR
17.49% - 25.49% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.49% - 25.49%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
- Earn 2X points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter. Terms and limitations apply.
- You’ve got the power to spend beyond your credit limit* with Expanded Buying Power. *The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply.
Pros
- $0 annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
- Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
- Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.
Why We Like It
- Low balance transfer fees: With a competitive 3% or $5 fee, this card offers cost-effective debt consolidation.
- High rewards potential: Earn Membership Rewards® points, making it perfect for businesses with consistent expenses.
- Flexible spending power: Take advantage of expanded buying power that adjusts to your business needs, providing extra flexibility.
Ongoing Rewards
- 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first three months of Card Membership.
- 2x points on the first $50,000 in purchases each year.
- 1x point on all purchases after the cap is met.
Here’s an example of the potential reward value you can get from this card if spending requirements are met:
Other Benefits
- Account management tools: Take advantage of account management tools, including the American Express® Business App and Connect to QuickBooks tool.
- Vendor Pay by BILL: Pay your business bills and enhance cash flow management through Vendor Pay by BILL. It comes with a $0 monthly fee for the first user and a $0 fee for a second user for six months with the Basic plan. After six months, you’ll only need to pay $15 per month for the second user.
Who Should Consider It
- Those with up to $50,000 in annual expenses
- Those who need to spend over their credit limits
American Express Blue Business Cash™ Card: Best for Low Balance Transfer Fee and 2% Cash Back up to $50,000 Per Year
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
17.49% - 25.49% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.49% – 25.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
Intro APR
0% on purchases
Regular APR
17.49% - 25.49% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.49% – 25.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
Why We Like It
- Affordable transfers: With a low 3% or $5 balance transfer fee, it’s a budget-friendly choice for managing debt.
- Consistent cash back: Earn cash back on eligible purchases, allowing businesses to save on everyday expenses throughout the year.
- Straightforward savings: Cashback is automatically credited to your statement, making it easy to track your savings.
- Expanded buying power: Spend over your credit limit and enjoy cash flow flexibility.
Ongoing Rewards
- $250 statement credit after spending $3,000 in purchases within the first three months
- 2% cash back on the first $50,000 in eligible purchases
- 1% cash back after the $50,000 purchase cap is met
Here’s an example of the rewards you could earn if spending requirements are met:
Other Benefits
- QuickBooks integration: Connect to QuickBooks so your financial transactions are automatically tagged with your QuickBooks categories.
- Year-end summary: Get access to a complete summary of your spending, which is categorized by month and purchase type, at the end of each year.
- Free employee cards: Add employee cards at no additional cost and monitor employee spending with alerts and summary reports.
- Account managers: Assign a trusted employee or partner as account manager to access and manage your business credit card account so you can delegate this task when needed.
- Vendor Pay by Bill.com: Use your card to pay bills with Vendor Pay by BILL. You can take advantage of free access to the Basic Plan for the first user and a $0 fee for the second user for six months. Note that you’ll pay $15 per month for the second user after the free trial period.
Who Should Consider It
- Those with up to $50,000 in annual expenses
- Those who don’t want to monitor spending categories
- Those who may exceed their credit limit
Citi Simplicity® Card: Best Personal Card with 0% APR on Transfers for 21 Months
Citi Simplicity® Card
BEST FOR:
Startups who need a lengthy 0% APR period fund business expenses
Intro APR
0% for 12 months on purchases; 21 months for balance transfers
Regular APR
18.74% to 29.49% variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Citi Simplicity® Card doesn’t offer any rewards for its new and existing cardholders.
Pros
- One of the longest 0% APR periods available
- $0 annual fee
Cons
- No rewards for new and existing cardholders
- Cannot build business credit
- Flexible payment due date: You can choose your preferred due date at the beginning, middle, or end of the month. In addition, you have the flexibility of paying either the full balance or just the minimum payment due every month.
- Mastercard® Identity Theft Protection program: If you’re a victim of identity theft, this can help you resolve the matter.
- Zero liability protection: Zero liability protects you against unauthorized charges on your account. You won’t be responsible for a charge that you didn’t authorize.
- No additional fees: Citi® does not charge additional fees, such as late fees or penalty rate, on the Citi Simplicity® Card.
Intro APR
0% for 12 months on purchases; 21 months for balance transfers
Regular APR
18.74% to 29.49% variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Citi Simplicity® Card doesn’t offer any rewards for its new and existing cardholders.
Pros
- One of the longest 0% APR periods available
- $0 annual fee
Cons
- No rewards for new and existing cardholders
- Cannot build business credit
- Flexible payment due date: You can choose your preferred due date at the beginning, middle, or end of the month. In addition, you have the flexibility of paying either the full balance or just the minimum payment due every month.
- Mastercard® Identity Theft Protection program: If you’re a victim of identity theft, this can help you resolve the matter.
- Zero liability protection: Zero liability protects you against unauthorized charges on your account. You won’t be responsible for a charge that you didn’t authorize.
- No additional fees: Citi® does not charge additional fees, such as late fees or penalty rate, on the Citi Simplicity® Card.
Why We Like It
- Unmatched intro APR period: Enjoy an impressive 21 months of 0% APR on balance transfers after a transfer was made within four months, one of the longest in the market.
- No surprise fees: With a $0 annual fee, late fees, and penalty APR, it’s designed for stress-free debt management.
- Simple and effective: This card focuses on helping you pay off debt without distractions, making it perfect for personal financial recovery.
Ongoing Rewards
Citi Simplicity® Card offers no rewards for its new and existing cardholders. However, you can use the long introductory 0% APR period on both purchases and balance transfers to help you pay off your credit card debt.
Other Benefits
- Flexible payment due dates: Choose your payment due date to align with your cash flow, enhancing your financial management.
- $0 liability on unauthorized charges: Stay protected against unauthorized transactions, ensuring peace of mind.
Who Should Consider It
- Those with high-interest credit card debt seeking a lengthy 0% APR balance transfer period
- Those who occasionally miss payment deadlines and want to avoid late fees or penalty APR increases
- Those who value flexibility in choosing their payment due date
- Those who prioritize debt repayment over earning rewards or cashback benefits
BMO Business Platinum Credit Card: Low Balance Transfer Fee and Rebates Through Mastercard Easy Savings®
BMO Business Platinum Credit Card
BEST FOR:
Those with existing BMO checking accounts intending to make large purchases or transfers
Intro APR
0%
Regular APR
16.49% - 25.49% variable
Annual Fee
None
Credit Needed
Good to Excellent
- 0% introductory APR on purchases for 18 months from date of account opening
Pros
• 0% APR on purchases
• $0 annual fees
• Low ongoing APR compared to most other business credit cards
Cons
- Does not offer rewards for its new and existing cardholders
- BMO bank is located in only located in the following states: Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona, and Florida.
- Extended warranty: Get double the original manufacturer’s―or United States store brand―warranty for up to one year on most new items you buy with your card. Note that these items must have an original manufacturer’s warranty of one year or less.
- Cellphone protection: Get up to $600 in cellphone protection after charging your monthly wireless telephone bill to your card. Note that terms and restrictions apply.
- Discounts on Intuit QuickBooks® and TurboTax®: Enjoy discounts on both Intuit QuickBooks® and TurboTax®, which can help streamline your accounting and simply your taxes. Note that terms and restrictions apply.
Intro APR
0%
Regular APR
16.49% - 25.49% variable
Annual Fee
None
Credit Needed
Good to Excellent
- 0% introductory APR on purchases for 18 months from date of account opening
Pros
• 0% APR on purchases
• $0 annual fees
• Low ongoing APR compared to most other business credit cards
Cons
- Does not offer rewards for its new and existing cardholders
- BMO bank is located in only located in the following states: Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona, and Florida.
- Extended warranty: Get double the original manufacturer’s―or United States store brand―warranty for up to one year on most new items you buy with your card. Note that these items must have an original manufacturer’s warranty of one year or less.
- Cellphone protection: Get up to $600 in cellphone protection after charging your monthly wireless telephone bill to your card. Note that terms and restrictions apply.
- Discounts on Intuit QuickBooks® and TurboTax®: Enjoy discounts on both Intuit QuickBooks® and TurboTax®, which can help streamline your accounting and simply your taxes. Note that terms and restrictions apply.
Why We Like It
- Low APR on transfers: Benefit from an APR as low as 16.74% on balance transfers, making it a cost-effective option for managing debt.
- 0% introductory APR on purchases: Enjoy interest-free purchases for the first 12 months, giving you flexibility to manage big expenses.
- Automatic savings: Take advantage of rebates on qualifying purchases through the Mastercard Easy Savings® program, adding ongoing value.
- $0 annual fee: Keep overhead costs low while managing debt efficiently, making it ideal for budget-conscious business owners.
Ongoing Rewards
This card does not offer ongoing and introductory rewards on purchases. However, you can earn up to 25% automatic rebates at over 40,000 merchants under the Mastercard Easy Savings® program.
Here’s an example of the potential rebates value you could get when using this card:
Category | Reward Rate | Estimated Annual Spend | Annual Reward Value |
|---|---|---|---|
Software (e.g., Slack, Dropbox, McAfee) | $500/month with a 25% partner discount | $6,000 | $1,500 |
Other Benefits
- Free employee cards: Add up to 20 employee cards at no extra cost.
- Cellphone protection: Receive up to $600 in coverage for eligible damage or theft when you pay your monthly wireless bill with the card.
- Accounting and tax discounts: Save on Intuit QuickBooks and TurboTax to simplify bookkeeping and tax preparation for your business.
- Mastercard benefits suite: Access features like Mastercard Identity Check™ for secure online shopping, ID Theft Protection™ to monitor and safeguard your identity, MasterRental® for rental car insurance, and Global Service™ for 24/7 assistance worldwide.
Who Should Consider It
- Those based in regions with BMO branches Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona, and Florida
- Those with BMO business checking accounts (read our review of BMO business checking)
- Registered corporations, LLCs, or sole proprietorships looking for an efficient balance transfer option (Note: nonprofits are ineligible)
- Those who value rebates on eligible purchases through the Mastercard Easy Savings® program
How We Selected the Best Balance Transfer Business Credit Cards
To select the best business card balance transfer offers, we first considered the length of the introductory 0% balance transfer APR. We also considered transfer fees, annual fees, ongoing APRs, rewards, other features, and whether the card has a 0% APR offer on purchases.
Frequently Asked Questions (FAQs)
Yes, you can carry a balance on most business credit cards, but it’s important to note that interest will accrue on unpaid balances unless the card offers a 0% introductory APR period. To avoid high-interest charges, try to pay off your balance in full each billing cycle whenever possible.
Balance transfers can temporarily impact your credit score, particularly if opening a new card results in a hard inquiry or if your credit utilization increases during the transfer process. However, responsibly managing the new balance by making on-time payments and reducing debt over time can ultimately improve your credit score.
Yes, you can, as most business credit card issuers allow you to do so. However, keeping your business and personal financial transactions separate is best to avoid accounting and tax issues. If you have previously used your personal credit card for business-related expenses, make sure to keep a record of those transactions so you won’t get into trouble come tax time.
Bottom Line
The best business credit cards for balance transfers help you take control of high-interest debt while offering perks like rewards, extended 0% APR periods, and cost-saving features. Choose a card that aligns with your business needs—whether it’s low fees, competitive APR, or added benefits—and start streamlining your finances. With the right card, you can consolidate debt, save money, and set your business up for long-term success.
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